Updated:
May 10, 2021 12:01 IST
Musk said on Twitter in April that SpaceX was going to put a literal Dogecoin on the literal moon
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Musk s tweets this year turned the once-obscure digital currency, which began as a social media joke, into as peculator s dream.
| Photo Credit: Reuters
Musk said on Twitter in April that SpaceX was going to put a literal Dogecoin on the literal moon
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SpaceX will launch the DOGE-1 Mission to the Moon in the first quarter of next year, with Elon Musk s commercial rocket company accepting the meme-inspired cryptocurrency dogecoin as payment.
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(Bloomberg) The rise of the cryptocurrency Dogecoin has reached a new level after the token was used to pay for a lunar satellite launch.
SpaceX, Elon Musk’s commercial rocket firm, will embark on a Moon voyage in 2022 carrying a so-called cubesat a mini-satellite used for space research from Geometric Energy Corp. that’s been paid for entirely in Dogecoin.
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The development is just the latest twist in the saga over the digital token, which started as a joke in 2013 but is now a dominating Internet meme and sitting on a 21,000% rally in the past year. Musk has been a key player in the drama, boosting the price with a succession of tweets in recent months.
What is the DOGE-1 mission? Elon Musk’s SpaceX accepts Dogecoin as payment for its launch
Elon Musk’s SpaceX accepts Dogecoin as payment for the launch of its upcoming mission DOGE-1. What is the DOGE-1 mission all about?
Elon’s
Saturday Night Live (SNL) monologue thrilled many fans. The SpaceX founder joked about gifting dogecoin to his mother Maye Musk on Mother’s day.
Although Elon was joking about the mother’s day gift, he was serious about the cryptocurrency being a valid mode of payment or in this case, a valid gift.
Just one day after Elon’s SNL monologue, there is a fresh Dogecoin news today.
SpaceX to be paid in Dogecoin for lunar payload
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Last Updated: May 09, 2021, 11:16 PM IST
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Synopsis
This is the first transaction in which Doge, a token founded in 2013 as a joke, will be used for something beyond tipping and raising small amounts of money
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(File Photo) SpaceX SN15 starship prototype liftoffs from the company s starship facility in Boca Chica, Texas, U.S. May 5, 2021. REUTERS/Gene Blevins
SpaceX will carry a commercial payload to the moon on its Falcon 9 rocket and be paid entirely in the cryptocurrency Dogecoin.
Geometric Energy Corporation announced through PRNewswire that it will collaborate with SpaceX on the DOGE-1 Mission, which will launch a 40kg miniature satellite called a cubesat on a Falcon 9 lunar payload mission early next year.
Dogecoin slides 10% after Elon Musk s SpaceX launches the first doge-funded satellite DOGE-1 Mission to the Moon snagarajan@businessinsider.com (Shalini Nagarajan)
Dogecoin fell 10% on Monday after Elon Musk announced a doge-funded moon mission.
The meme-crypto was trading around 51 cents, up slightly from its one-week low of 47 cents on Sunday.
The billionaire had previously hinted at SpaceX s plans in an April Fool s tweet.
Dogecoin plunged 10% on Monday after Elon Musk announced his SpaceX company will launch the satellite DOGE-1 Mission to the Moon next year.
Musk s commercial-rocket firm will take off on a moon mission in 2022 carrying a mini-satellite used for space research from Geometric Energy Corporation, paid for entirely in dogecoin.